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9 of 109 unique stocks in common · Jaccard: 8.3%
A weighted portfolio overlap of 12.7% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹12.7 is allocated to the exact same companies at the same relative proportions. The schemes share 9 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 6.15% in Nippon India Retirement Fund - Wealth Creation Scheme and 2.88% in UTI Retirement Fund. Holding both schemes increases your concentration in HDFC Bank rather than expanding your diversification.
If the overlap is above 30%, it is typically because both schemes benchmark to the same index (e.g. Nifty 50 or Nifty LargeMidcap 250) or overlap in their top large-cap picks. To improve your portfolio's diversification, consider allocating one of these tranches to a category with lower structural correlation (such as a mid-cap, small-cap, or international equity fund).
| Stock | in Nippon | in UTI |
|---|---|---|
| HDFC BankBanks | 6.15% | 2.88% |
| ICICI BankBanks | 7.44% | 2.43% |
| InfosysIT - Software | 2.30% | 1.91% |
| Larsen & ToubroConstruction | 3.20% | 1.53% |
| Reliance IndustriesPetroleum Products | 6.64% | 1.42% |
| Indus TowersTelecom - Services | 0.98% | 0.88% |
| State Bank of IndiaBanks | 2.67% | 0.75% |
| Crompton Greaves Consumer ElectricalsConsumer Durables | 0.72% | 0.47% |
| The Federal BankBanks | 1.00% | 0.43% |
Weighted overlap = Σ min(weight in fund A, weight in fund B) across shared stocks, from each fund's latest public monthly portfolio (as on May 2026). Equity holdings only, ISIN-verified. Not investment advice.